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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Office buildings
2400 Otis Dr Alameda, CA 94501
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-8295934
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1949
Construction
WOOD
Total area
1,794 SF
Lot
0.14 ac (5,940 SF)
APN
70-180-1-6
UPID
US09-8295934
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$665k
Owner & transaction history
Samantha N Dinh · 4 yrs held
Samantha N Dinh
since 2022
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$760,000
+55.9%
Medical building
$710,000
+45.1%
Auto repair, garage
$580,000
+18.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$605,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$490,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$710,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$580,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$485,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $700k (Apr 20 2022)
Last sale anchor
$700k
Apr 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$371 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,301
Tax year 2023
Assessed value
$936,360
Assessed 2024
Previous assessed
$918,000
+2.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$431,766
Assessed improvement
$504,594
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
1,794 SF
Lot
0.14 ac (5,940 SF)
APN
70-180-1-6
UPID
US09-8295934
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$490,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
MEDICAL BUILDING
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$580,000
RETAIL STORES
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$485,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1949
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Samantha N Dinh
Individual
Mailing address
3407 DEL VALLE CIR STE #105, SAN LEANDRO, CA 94578-4034
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
$700,000
Samantha N Dinh
Marcia Lynn Mckee
Grant Deed
$595,000 · Keypoint Cu
Apr 20, 2022
—
Samantha N Dinh
Coung Sammy Van Dang
Intrafamily Transfer
related
—
Aug 13, 2008
—
Gudal Marcia L Living Trust
Mckee,marcia L
Grant Deed
related
—
Aug 10, 2006
—
Marcia L Mckee
Owner,record
Grant Deed
related
—
Dec 12, 1997
—
Russum Trust
Gudal,sigurd M
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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